Hedera Hashgraph price prediction — will HBAR price hit $0.197 soon?

Is Hedera a good investment in 2022? Below you will find everything you need to know about HBAR price, technical indicators, and exchanges.

This Hedera Hashgraph (HBAR) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our HBAR price analysis and prediction. But before we move on to technical analysis, let’s take a brief look at the project itself.

What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph is the trust layer of web3 that enables individuals and companies to develop powerful decentralized applications (DApps). Moreover, the platform is created to be a fairer, more efficient system that eliminates a few of the limitations that older blockchain-related platforms will face which include slow performance and instability.

In August 2018, the platform was funded via an initial coin offering (ICO). Just over a year later in September 2019, the platform first launched open access to its mainnet. More so, as part of the ICO, investors can purchase the platform’s native utility token HBAR at the lowest pricing possible.

In addition, the HBAR token offers a dual role inside the Hedera public network. Notably, HBAR fuels the Hedera services, which include smart contracts, file storage, and also regular transactions. The Hedera Hashgraph platform is utilized to help secure the platform since HBAR users could stake the tokens to assist in maintaining the platform’s integrity.

In terms of technology, Hedera Hashgraph (HBAR) is a proof-of-stake public network powered by Hashgraph consensus. As a result, HBAR can perform fast transaction speed with low bandwidth consumption. Also, this is the reason that made HBAR one of the popular and leading digital assets in the crypto market.

Now that we are clear about HBAR, do you think HBAR will be profitable crypto in 2022? Join me and let us see the charts in this HBAR price analysis and HBAR price prediction.

Hedera Hashgraph (HBAR) Current Market Overview

As of the time of writing this HBAR price analysis, HBAR trades at $0.060 with a 24-hour trading volume of $40,280,964. The price of HBAR has increased by 1.42% in the last 24 hours.

Market Cap$1,475,178,648
Fully Dilluted Valuation$3,014,999,224
Circulating Supply24,463,997,149
Total Supply50,000,000,000
Max Supply50,000,000,000
24 Hour Trading Volume$40,280,964

Currently, HBAR has a circulating supply of 24.4 billion HBAR. The top cryptocurrency exchanges for HBAR are Binance, OKX, Huobi Global, KuCoin, and HitBTC.

Now, let’s go to the next part of this HBAR technical analysis for 2022.

Hedera Hashgraph (HBAR) Price Analysis

Currently, HBAR holds 40th place on CoinMarketCap. But will the latest upgrades, development, and changes in the HBAR blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this HBAR price prediction article.

HBAR Relative Strength Index. Image: Tradingview
HBAR Relative Strength Index. Image: Tradingview

The Relative Strength Index (RSI) is 49.85, which means that HBAR is in neither an overbought nor oversold state. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of HBAR.

HBAR 30-day SMA and 50-day EMA. Image: Tradingview
HBAR 30-day SMA and 50-day EMA. Image: Tradingview

Since the start of 2022, HBAR’s price has seen many bullish moves which are higher than the previous HBAR. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, HBAR has a competitive market this year.

Is Hedera a good investment in 2022?

The chart below shows that HBAR has been moving sideways for quite a long time. However, there's a chance that this trend will be averted, resulting in a HBAR bull run up to $0.32 after breaking the $0.25 resistance.

HBAR/USD price chart. Image: Tradingview
HBAR/USD price chart. Image: Tradingview

Conversely, if the investors turn against the crypto, the bears might take over and push HBAR from its uptrend position. In simpler terms, the price of HBAR might decrease to almost $0.029, a bearish signal.

Meanwhile, our long-term HBAR price prediction for 2022 is bullish. HBAR has a high possibility of reaching $0.1972 this year. However, that will only happen if it breaks many previous psychological resistances.

Hedera Hashgraph (HBAR) Price Prediction 2023

If this bullish trend continues, HBAR will hit $0.4358 by the end of 2023. Moreover, the first half of 2023 is going to reveal fast growth, up to $0.35. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $0.45 is quite optimistic from the price point of view but undoubtedly feasible for the near future.

Hedera Hashgraph (HBAR) Price Prediction 2024

If HBAR holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.5, making it not plummet but play consistently.

Hedera Hashgraph (HBAR) Price Prediction 2025

As per the latest upgrades, developments, HBAR price prediction, and new project forecasts of the platform, HBAR investors could expect many partnerships and integrations around 2025. Moreover, this might boost the price of HBAR in the crypto market, and it will be the best investment as the price can spike and reach around $0.61.

Hedera Hashgraph (HBAR) Price Prediction 2030

In the next eight years, HBAR prices could race up to $1. In addition, reaching this level could not be so difficult for HBAR as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that HBAR has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Hedera Hashgraph has a bright future ahead of it in 2022. With the ongoing developments happening within the HBAR ecosystem, as well as in the overall crypto market, we may see HBAR reach new heights.

Bullish HBAR price prediction for 2022 is $0.1972. HBAR may even reach $0.23 if investors have decided that HBAR is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.